Data / Bank failures / 1990 / Mississippi Savings Bank, FSB
Mississippi Savings Bank, FSB, Batesville, MS: failed May 8, 1990
Mississippi Savings Bank, FSB in Batesville, Mississippi, failed on May 8, 1990. It held $172.3 million in assets and $148.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $16.3 million (9.5% of its assets). By assets it was the 107th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- May 8, 1990
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Acquirer
- None, NA
- Total assets
- $172,343,000
- Total deposits
- $148,703,000
- Estimated cost to the FDIC
- $16,307,842 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 32411
Other bank failures in Mississippi, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Security FS & La | Jackson | October 16, 1992 | $276.5 million | $271.4 million | $42.6 million | |
| Foxworth Bank | Foxworth | August 7, 1992 | $36.5 million | $36 million | $5.4 million | Trustmark National Bank |
| Mercantile Savings Bank | Southaven | April 19, 1991 | $33.8 million | $34 million | $9.1 million | First TN Bank NA, MS |
| Peoples Federal Savings Bank | Bay ST. Louis | February 8, 1991 | $59.7 million | $53.9 million | $2.1 million | Hancock Bank |
| First City FSB | Lucedale | September 7, 1990 | $41.7 million | $38 million | $9 million | Magnolia FB for Savings |
| Charter Bank, A FSB | Hattiesburg | July 20, 1990 | $130.8 million | $68.9 million | $22.6 million | |
| First Jackson FSB | Jackson | June 29, 1990 | $116.5 million | $91.4 million | $22 million | Trustmark NB |
| Southern Federal Bank for Savings | Gulfport | June 22, 1990 | $142.8 million | $93.9 million | $35 million |
All bank failures in 1990 · All bank failures in Mississippi · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.